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There are financial mechanics that exist only in the scope of DeFi and not in traditional finance. It actually IS new in a lot of ways and skilled folks are tea
by twox2 5y ago
There are financial mechanics that exist only in the scope of DeFi and not in traditional finance. It actually IS new in a lot of ways and skilled folks are teaming up to make a killing, not just experienced traders. Take a look at what's happening in the "MEV" space. None of this existed in traditional finance.
- dogman144 5y agoYa this is more my point. Taking traditional algorithmic trading skills into a place specifically designed for it and with new market mechanisms. Whoever spends some time building DeFi/L1 protocols is going to make a killing jumping over to Jump/Jane Street/HRT in a few years with that knowledge.
- Animats 5y agoSure it does. Front-running is not new. Payment for order flow is not new. Altering the recent transaction history (the thing blockchains are supposed to prevent) is a criminal offense in other markets.
- dogman144 5y agoyou're mistaking the mempool with tx history unless you believe they're essentially the same? Issue there if so is the mempool isn't consistent from node-to-node so can't call it a tx history. It's more like pending TXs which end up landing in a certain order that's possibly different once confirmed (which current banks do with checking/debit TXs and isn't a criminal offense).